129th MAINE LEGISLATURE
LD 2044 LR 2722(01)
An Act To Increase the Death Benefit for Firefighters, Law Enforcement Officers and Emergency Medical Services Personnel
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Ackley of Monmouth
Committee: Criminal Justice and Public Safety
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
Potential current biennium cost increase - Maine Budget Stabilization Fund
Fiscal Detail and Notes
Increasing the death benefit amount from $50,000 to $75,0000 and indexing the benefit amount to the Consumer Price Index will reduce the balance in the Maine Budget Stabilization Fund. The exact amount by fiscal year can not be determined at this time and will depend on the number of eligible individuals who die in the line of duty. Any additional costs to the Department of Administrative and Financial Services to adopt rules to annually calculate an increase in the death benefit based on the previous year's increase in the Consumer Price Index are expected to be minor and can be absorbed within existing budgeted resources.